What Does the Historical and Current Womens Health Diagnostics Market Size Trend Indicate?
The womens health diagnostics market has seen considerable growth due to a variety of factors.
•The market size of women's health diagnostics has shown substantial growth in the past few years. The market is projected to escalate from $34.63 billion in 2024 to $37.16 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.3%.
This robust growth during the historical period is due to the increasing awareness and education, rise in female population above 40, governmental measures for women's health, trend towards preventative healthcare, transformed lifestyles, and health-related apprehensions.
How Will the Womens Health Diagnostics Market Size Evolve over the Forecast Period?
The womens health diagnostics market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of women's health diagnostics is projected to witness robust expansion in the upcoming years. The market is expected to escalate to "$54.04 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.8%.
This growth over the prediction period can be credibly linked to a rise in reproductive health complications, climbing elderly female population, advancements in custom-made medicine, broadening effect of genetic testing, and heightened emphasis on non-communicable diseases. Dominant trends during the forecast period encompass menopause management, proactive and early detection strategies, focus on inclusivity and diversity, digitalisation driven by the pandemic, and environmental and lifestyle considerations.
What Are The Core Factors Supporting Growth In The Womens Health Diagnostics Market?
The escalating occurrence of chronic ailments is anticipated to boost the expansion of the women's health diagnostics market in the future. Chronic diseases are enduring illnesses that generally advance gradually and necessitate continuous supervision and treatment. The escalating occurrence of these chronic conditions results in heightened demand for women's health diagnostics, which assist in diagnosing and monitoring conditions like breast cancer, cervical cancer, and fertility disorders. For example, the National Library of Medicine, a US agency, projected in January 2023 that by 2050, the population of individuals in the US aged 50 and above with at least one chronic condition would surge to 142.66 million. Consequently, the escalating prevalence of chronic diseases in women is fueling the expansion of the women's health diagnostics market.
What Are The Major Segments Within The Global Womens Health Diagnostics Market?
The womens health diagnostics market covered in this report is segmented –
1) By Type: Accessories And Consumables, Diagnostic Tests, Diagnostic Devices
2) By Application: Osteoporosis Testing, Ovarian Cancer Testing (OVC), Cervical Cancer Testing, Breast Cancer Testing, Pregnancy And Fertility Testing, Prenatal Genetic Screening And Carrier Testing, Infectious Disease Testing, Sexually Transmitted Diseases (STD) Testing, Ultrasound Tests
3) By End User: Hospitals And Clinics, Diagnostic And Imaging Centers, Homecare, Other End Users
Subsegments:
1) By Accessories And Consumables: Test Kits, Sample Collection Devices, Reagents, Control Materials
2) By Diagnostic Tests: Blood Tests, Imaging Tests, Genetic Tests, Hormonal Tests
3) By Diagnostic Devices: Imaging Devices, Invasive Diagnostic Devices, Non-Invasive Diagnostic Devices, Monitoring Devices
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Which Trends Are Expected To Transform The Womens Health Diagnostics Market?
The key trend showing significant growth in women's health diagnostics is the advancement of technology in tailored health solutions for women. Leading companies in the women's health diagnostics market are aiming their efforts towards technological improvements and product innovation to augment their investigative abilities and maintain their market standing. For example, in February 2022, a company that specializes in women's health in the US, FemTec Health, Inc., introduced a Direct-to-Consumer (D2C) brand, Awesome Woman. This brand offers health and wellness products precisely tailored for women in varying stages of life. The brand uses AI, machine learning, and customer data on genetics, genomics, and past health to create custom offerings. Their custom subscription box may contain vitamins, probiotics, and at-home testing kits, specifically matched to the individual's needs. Customers have the option to choose specific areas of health interest, including vaginal and urinary health, reproductive health, hormone balance and beauty, among others. Besides, the service includes telehealth support to boost overall customer interaction and provide easier access to healthcare professionals.
Who Are the Key Players in the Womens Health Diagnostics Market?
Major companies operating in the womens health diagnostics market include:
• Becton Dickinson And Company
• F. Hoffmann-La Roche AG
• General Electric Company
• Koninklijke Philips N.V.
• Quest Diagnostics Incorporated
• Siemens Healthineers
• Abbott Laboratories
• BioMérieux SA
• Hologic Inc.
• PerkinElmer Inc.
• Cardinal Health Inc.
• Alere Inc.
• Carestream Health Inc.
• Mankind Pharma Limited
• Procter & Gamble Co.
• Trinity Biotech plc
• Medgyn Products Inc.
• URIT Medical Electronic Co. Ltd
• Sonic Healthcare Limited
• Fujifilm Holdings Corporation
• Thermo Fisher Scientific Inc.
• Illumina Inc.
• Myriad Genetics Inc.
• Agilent Technologies Inc.
• Bio-Rad Laboratories Inc.
• Danaher Corporation
• Genomic Health Inc.
• Invitae Corporation
• Natera Inc.
• QIAGEN N.V.
• Opko Health Inc.
• Sysmex Corporation
• Exact Sciences Corporation
• Foundation Medicine Inc.
• Laboratory Corporation of America Holdings
• NeoGenomics Laboratories Inc.
What Is The Most Dominant Region In The Womens Health Diagnostics Market?
North America was the largest region in the women's health diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global women's health diagnostics market report during the forecast period. The regions covered in the womens health diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
